Central Business District

Office Space Market Report

Number of Listings (last 90 days)

37

Median Rate ($/sqft/yr)

$24


Median Size (sqft)

6,160

As of: December 9, 2016

Central Business District Rates

On average, listings lease in the $20's per square foot per year.
The Central Business District region is experiencing a a boost in rates.
In the last 3 months, the median rate
increased
$24 per sqft per year.

Compared to the rest of the Buffalo market, the Central Business District region has
higher rates, and you'll need to make a great offer to be in this hot submarket.

Central Business District Listing Supply

In the last 90 days, 36 listings have come on the market,
which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately.
There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 6,160 sqft, there are still 0 new availabilities below 2,000 sqft.
Most properties in this area are close to 5 stories.
Most buildings in this market were built in 1957
and are Class B.

Central Business District Community

Wholesale trade is the dominant industry in this market.
Commute by public transit is the most popular way to get to work amongst Central Business District occupants.
Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central Business District.Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Business District.Research

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